Jewelery market stagnates: Blinks of boom seen

-


- Global gold prices rebound from five-month lows :: Silver surges by Rs 1,000

- Silver edged above $23 and gold above $1900 in global markets: Crude oil retreated though

Mumbai: Gold and silver prices rose rapidly in the Mumbai jewelery market today. World market news was bullish from the lows. In the world market, amid the retreat of the dollar index, there was talk of increased buying of funds in gold. As the import cost of precious metals at home increased as the world market increased, a situation of more buyers and fewer sellers was observed in the jewelery market before the festive season.

Gold prices in the world market ranged from 1904 to 1896 to 1897 dollars per ounce in the highs of 1889 to 1890. Global silver prices increased from 22.90 to 22.91 to 23.46 to 23.34 to 23.35 dollars an ounce.

At home today, the price of silver rose by Rs.1000 to Rs.73000 per kg in the Ahmedabad jewelery market, while the price of Ahmedabad gold rose by Rs.100 to Rs.99.50 per kg and Rs.60005 to Rs.99.90 per kg. The price of platinum in the world market increased from 906 to 907 per ounce to 930 to 925 to 926 dollars.

While palladium prices increased from 1256 to 1257 per ounce to 1285 to 1282 to 1283 dollars. Global copper prices rose by 0.76 percent today.

In the Mumbai jewelery market today, gold prices were Rs.58,163 at 99.50 and Rs.58,423 at 99.90 and Rs.58,657 at Rs.58,396 while Mumbai silver prices were at Rs.70,835 at Rs.82,140 without GST. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

Meanwhile, crude oil prices remained on the decline in the global market today. New demand from China has been slow. The price of Brent crude oil was 83.85 to 84.28 dollars today at the low of 85.58 per barrel. While US crude prices were 80.32 to 80.50 dollars from 82.10.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more